Dear CoinEx users,
To provide you with more trading options, after rigorous reviews, CoinEx will list TOMO and support deposit and withdrawal & Automated Market Making (AMM) on May 20, 2021 (UTC). And its trading pairs TOMO/USDT, TOMO/BTC will be available on the same day.
The TomoChain blockchain and product ecosystem enable development of high-performance blockchain projects. An array of original features and protocols is designed to support speed, privacy, usability, and liquidity needs all in one platform. TomoChain is built on a performance layer that achieves high transaction speeds without compromising decentralization. TomoChain uses an innovative consensus method called PoSV (Proof of Stake Voting) which gives an incentive to all TomoChain token-holders to play an active part in staking across a network of 150 high-quality masternodes, and to monitor their performance and governance actively.
TomoP — a protocol proposed by TomoChain for private transactions on the TomoChain public blockchain. TomoP allows creating anonymous transactions that hide all related information on value, sender, and receiver’s addresses to preserve the financial privacy of TOMO and tokens holders on TomoChain.
Tomo's mission is to accelerate the onboarding of millions of users by empowering today’s applications with technology that masks the friction of Blockchain, all while retaining its underlying benefits.The people behind TomoChain come from diverse backgrounds and stand by a common philosophy about a decentralized future powered by blockchain technology.
3. High resiliency to malicious attacks due to periodical node reshuffling across shards. Every epoch, up to 1/3 of the nodes in every shard are reshuffled to other shards in order to prevent collusion.
4. Secure randomness source with BLS signing, which makes it non-biasable and unpredictable.
5. The Arwen WASM VM, an exceptionally fast virtual machine for executing smart contracts written in any programming language that can compile to WebAssembly.
6. Smart contracts on a sharded state architecture, with balanced load on shards.
7. Fast finality for cross-shard transactions in mere seconds.
1. Deposit: 2:00 May 20 (UTC)
2. Withdrawal: 2:00 May 20 (UTC)
3. Trading pairs: TOMO/USDT, TOMO/BTC
4. Opening method: Call Auction
a. Call Auction
2:00—5:50 May 20, 2021 (UTC)
Orders can be placed and cancelled
5:50-6:00 May 20, 2021 (UTC)
Orders can be placed but cannot be cancelled
6:00 May 20, 2021 (UTC)
What is Automated Market Making (AMM)?
Automated market making (AMM) can calculate the buying and selling price according to the formula, so as to provide continuous quotation for the market. CoinEx combines AMM with the order book, which means the liquidity pool will be automatically converted into the order book. With the "constant product market maker formula" algorithm in AMM, no matter how large the order book is or how small the liquidity pool is, firm liquidity provision to the market can be guaranteed. Learn more
Fees and Profit
Market supporting automated market making is an AMM market. Compared with normal market, AMM market adopts an independent fees system. The fees for both marker and taker is 0.3%. VIP and market makers will not enjoy any special fees, and using CET for fees deduction is unavailable. All users are qualified to apply for market makers, and 50% of the market's transaction fees will be rewarded to liquidity providers.
Characteristics of AMM
1. Bonus obtainable from automated market making
User’s provided liquidity will be injected into the pool for automated market making. 50% of the market's transaction fees will be rewarded to liquidity providers in terms of the corresponding pool proportion.
2. Daily bonus can be cumulatively withdrawn
The transaction fee bonus will be calculated once a day and automatically credited into the user's Market Making Account before 4:00 (UTC) the next day. The user can obtain all the accumulated fee bonus after removing liquidity.
3. Free access, no charge required
Assets between Spot Account and Market Making Account can be transferred in real time by adding and removing liquidity. Each user in a single market can increase liquidity twice a day, and no fees will be charged during the operation.
The assets in the Market Making Account will be injected Into the liquidity pool for automated market making. When the price fluctuates, there will be impermanent losses, and the amount of the two assets will change when the liquidity is removed. More details about impermanent losses
May 20, 2021
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